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Insurance
FedNat Holding Company is to acquire Maison Insurance Company and other homeowners insurance entities from 1347 Property Insurance Holdings (1347 PIH) in a $51 million deal. 26 February 2019
Insurance
RSA Insurance Group has appointed Charlotte Jones as new chief financial officer, replacing Scott Egan who moved to become CEO of the company's UK & International division earlier this month. 26 February 2019
Insurance
Commercial insurance prices increased by 2 percent in Q4 2018, the steepest increase since Marsh began its Global Insurance Market Index in 2012, and the fifth consecutive quarter of average increases. 26 February 2019
Insurance
The board of the Argo Group has described a letter by Voce Capital Management, a shareholder in the company, which heavily criticises Argo’s performance and leadership, as misleading, inaccurate and a “personal attack” on its chief executive Mark Watson III. 26 February 2019
News
Re/insurer Hiscox CEO Bronek Masojada praised the company’s “strong growth” in its 2018 results as he said the “tough action” taken in its London Market business was paying off. 25 February 2019
Insurance
Re/insurance broker Aon has expanded the scale of a restructuring plan first announced in 2017. 22 February 2019
Insurance
Aspen has granted a $10 million bonus to its former chief executive officer Christopher O’Kane and $1 million to group chief financial officer Scott Kirk for assisting the Bermuda-based re/insurer with its $2.6 billion merger deal. 20 February 2019
Insurance
After experiencing 18 months of above average industry losses, Swiss Re expects that ILS investors will want to see rates harden in 2019, especially for loss-impacted tranches. 20 February 2019
Alternative Risk Transfer
The spate of heavy losses in 2017 and 2018, compounded by ‘loss creep’ as some funds struggled to post accurate loss estimates, seems to have made ILS investors pause for thought, with many being much more circumspect as to where to place their money. Intelligent Insurer investigates. 13 February 2019
Insurance
Bermuda reinsurer Maiden Holdings is faced with battling a class action lawsuit, which alleges that the company and some of its former officers misled investors over the nature of underwriting and risk management controls relating to reinsurance agreements with AmTrust. 12 February 2019
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